Housing Market Bottom Will Signal Recovery
Mar 26, 2009
Investors were told to look to to the housing market for signals that the market has bottomed. If that thesis is correct, then perhaps we're already there. (Clarification Barry Ritholz points out the media has largely misinterpreted the data...
Bi-Lo Files for Bankruptcy
Mar 25, 2009
Saying its lenders were unable to extend terms on a loan set to mature this week, supermarket chain Bi-Lo LLC here filed for Chapter 11 bankruptcy protection on Monday. The filing comes only weeks after a former sister chain, Bruno's Supermarkets...
Pier 1 to Close 80 Stores
Mar 23, 2009
Pier 1 had said last month it was looking to reduce store rents in talks with landlords and that it might execute early termination agreements for up to 125 underperforming stores if negotiations were unsuccessful. On Friday, Pier 1 said initial...
Cap Rates Continue to Rise
Mar 23, 2009
CoStar has a rundown of the latest Korpacz Real Estate Investor Survey and combines that with their own data to conclude that cap rates--already up--will continue to rise over the next 12 months. ...
Banks Getting Hit by Commercial Defaults
Mar 23, 2009
Bloomberg has a long write-up on banks increasingly facing defaults on commercial property. Meanwhile, it appears the opening...
GGP Pushes for Another Extension
Mar 23, 2009
It was another long weekend for General Growth. But it appears the company has extended a deadline with bondholders. ...
Citigroup Moves to Foreclose On GGP Mall
Mar 20, 2009
Update: A Reuters report indicates ...
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